Despite recent rumours, Telstra has no plans to sell its 50% shares in Foxtel.
“Foxtel is an important part of our business and an important investment for us. And media is a critical part of our overall business as you’ve seen from the growth we are achieving in Telstra TV,” Telstra chief Andy Penn said.
“What’s most important to me is how we make Foxtel successful in the future. I’m not interested in selling our investment ultimately in Foxtel but if we needed to structurally change it in any way then I’m open to that.”
The Australian reports Telstra’s online streaming device, Telstra TV, is the fastest-growing in Australia with more than 622,000 of the devices now in Australian homes.